new government will stop the not viable project to start kick off better project. I think the new government will stimulate more projects that good for the people.
construction is 1 of the way to spur growth and create the job. So wait for it to bash down a little while and will go in & commodities and construction-related stock. There still need to build affordable housing and infrastructure connecting to his housing.
BEIJING: Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday (May 20).
The announcement came after high-level talks in the US capital and followed months of tensions over what President Donald Trump has blasted as an unfair commercial relationship between the two economic giants.
Iron and steel exports to the U.S. jumped 14%, despite the imposition of a 25% tariff on steel imports to the U.S. Ministry officials said it was hard to isolate the impact of the tariffs due to the many factors that affect monthly export volumes of iron and steel. The Trump administration has refused to give Japan a temporary or permanent exemption on its steel and aluminum tariffs, which prompted Japan to say it reserved the right under the World Trade Organization rules to impose retaliatory tariffs. https://www.marketwatch.com/story/japan-exports-jump-on-strong-us-car-demand-2018-05-21
The clear hope is that the United States and China will reach an eventual deal on trade, one that does not lead to big tariffs on key goods that each nation exports to the other -- such as American agricultural products and Chinese steel and aluminum.
KUALA LUMPUR (May 24): The Council of Eminent Persons (CEP) has given assurance that Bumiputera contractors will continue to be assisted under the new government, said Malaysian Malay Contractors Association president Datuk Mokhtar Samad.
He was among those summoned by the Council to identify improvements that could be taken to assist the Bumiputera contractors.
“The CEP, chaired by Tun Daim Zainuddin, has guaranteed that the new government will help Bumiputera contractors using better ways than what was done before.
The commencement of Ramadan festivities from mid May and the announcement by the Government to reduce GST to zero rated from 1st June 2018 has soften the demand for the Company's products. The Company expects the demand to improve during the 2nd half of the year.
Seems good but not, remember why ppl throw masteel on q4'17 ? Cause masteel is the lowest profit margin among others steel. Now only 4% margin.... with the steel price up , ppl expect he can earn more but not. Lionid 6%++ Annjoo 10%, and dun for get currently q2 steel price already drop... if Lionid giv a good result in q1'18, both PE wil rate around 5, masteel tp 0.925.
People expected a very bad QR, In other words, an extremely bad QR has been priced in. The QR announced today is not bad, so the stock price will surely surege.
The Group’s revenue for the current quarter recorded an increase of RM2.48 million to RM424.80 million mainly due to higher selling price. The Group recorded a profit before tax of RM19.97 million as compared to profit before tax of RM16.70 million achieved in the immediate preceding quarter mainly due to lower administrative expenses in the current quarter.
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Today most Malaysian steel stocks were up.